System and method for conducting transactions with different forms of payment

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United States of America Patent

PATENT NO 7707110
SERIAL NO

10839769

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A system and method for the purchase of products, where some products may eligible for special forms of payment, such as payment from a medical savings account (MSA). A POS terminal is used to obtain a product ID (from a product bar code) and an MSA account ID from an MSA account card. The product and account IDs are provided to a database where MSA eligibility and MSA account status information is accessed and retrieved. A display at the POS terminal separates and displays information on both the eligible and non-eligible products. The POS terminal may used to pay for eligible products by electronically debiting the MSA account, and to pay for non-eligible products by traditional methods, such as cash, check or credit card. Eligible products may be given price discounts, and discount information is also retrieved from the database.

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Patent Owner(s)

  • FIRST DATA CORPORATION

International Classification(s)

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
George, Colleen Centennial, US 4 422
Randall, Steve Austin, US 4 129

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